Want to Turn a Lender into a Partner? Exceed Their Expectations.
Tuesday, January 21
Approximately seven months after funding my first deal (I discuss this deal in several previous posts) I learned of a situation. An investor had a closing scheduled on a rental home purchase in a couple days. He thought he had a private lender lined up but when he made contact the day prior t...
Not All Deals Go According To Plans
Tuesday, January 14
Not all deals go perfectly well. One of the advantages of working with a private lender is that they may be much more flexible when something unexpected happens. If the lender has some experience as an investor they may be able to help you work through a difficult situation. I did say MAY. ...
Deals I Have Funded
Wednesday, January 08
It may be useful for me to talk about some of the deals I have funded and how they developed. I have already discussed most of the financial details of the first deal I funded in the first two installments of this blog: Confessions of a Private Lender and Why Do I Lend?. I didn’t mention th...
I Want To Say Yes But It Is Much Easier To Say No.
Wednesday, January 01
This blog is a fairly new project for me. I wasn’t sure if I should post this today on New Year’s Eve. Obviously, I decided to do so. Before getting into it I would like to wish you a happy holiday and a healthy, prosperous New Year. May next year be your best. If you’ve presen...
Evaluating a Potential Loan: My Plans
Wednesday, December 18
In the previous post I discussed your exit plan. If it is credible I may decide to proceed and fund your project. Even if I am skeptical about your plan I may be willing to move forward. (There are ways to structure deals which may lower the risk in your project to a level which I am willing...
Evaluating a Potential Loan: The Deal
Wednesday, December 11
This must be an actual deal with contracts and supporting documents. If you do not have the documentation you do not have a deal. You have a dream. That is OK. All deals start in the dream stage. By all means share your dream, your plan, with other investors. If you are serious you may w...